Wunderlich Securities Initiates Coverage On K12 With Buy Rating

According to Wunderlich Securities, K12 LRN coverage is initiated with a Buy rating. Wunderlich Securities said that it is initiating coverage of K12 Inc. (LRN) with a Buy rating and a price target of $35. “We believe that the company can sustain 15%+ enrollment growth, combined with margin leverage, leading to annual EPS growth of 25%+ for the next several years.” K12 closed yesterday at $26.88.